Satellite-Based Augmentation Systems Market was valued at USD 3.1 Billion in 2022 and is projected to reach USD 6.7 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
The Satellite-Based Augmentation Systems (SBAS) market was valued at approximately USD 2.7 billion in 2022. It is projected to experience a compound annual growth rate (CAGR) of 8.4% from 2023 to 2030, indicating significant growth over the forecast period. This growth is driven by the increasing demand for accurate and reliable satellite navigation services across various sectors, including aviation, maritime, and automotive industries. The need for enhanced precision in positioning and navigation is fueling the adoption of SBAS technologies, which provide critical support for safety and efficiency in global positioning systems (GPS).
Opportunities in the SBAS market are expanding due to the rising number of government and private sector investments in infrastructure development and modernization of navigation systems. Emerging markets, particularly in Asia-Pacific and Latin America, present substantial growth potential owing to rapid urbanization, increasing transportation needs, and advancements in technology. Additionally, the integration of SBAS with emerging technologies such as autonomous vehicles and smart cities further amplifies the market opportunities. The evolving regulatory environment and advancements in satellite technology are also expected to contribute to the market's expansion and innovation in the coming years.
Get an In-Depth Research Analysis of the Global Satellite-Based Augmentation Systems Market Size And Forecast [2025-2032]
Garmin
Raytheon
Rockwell Collins
Thales
Advanced Navigation & Positioning
Comsoft
Copperchase
Honeywell International
Intelcan Technosystems
Lockheed Martin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Satellite-Based Augmentation Systems Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Satellite-Based Augmentation Systems Market
Automatic Vehicle Location
Tracking systems
Navigation
PNSs
Others
Based on Types the Market is categorized into Below types that held the largest Satellite-Based Augmentation Systems market share In 2023.
Hardware
Software
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Satellite-Based Augmentation Systems Market Research Analysis
1. Introduction of the Global Satellite-Based Augmentation Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Satellite-Based Augmentation Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Satellite-Based Augmentation Systems Market, By Type
6. Global Satellite-Based Augmentation Systems Market, By Application
7. Global Satellite-Based Augmentation Systems Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Satellite-Based Augmentation Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/